by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Mansfield University.
Mansfield University of Pennsylvania average financial aid offer for freshmen students is $11,954.00. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Mansfield University of Pennsylvania you could end up dealing with.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
99% of incoming freshmen (443 total) were awarded scholarships at Mansfield University of Pennsylvania, averaging $7,424.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 94% of freshman students (421 total) obtained federal grant aid, averaging $3,998.00 a piece.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 25.11% | $15,235.00 |
| Income 30k-48k | 13.23% | $15,410.00 |
| Income 48k-75k | 9.64% | $13,937.00 |
| Income 75k-110k | 12.33% | $9,449.00 |
| Income 110k + | 12.11% | $5,577.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
100% of the 446 undergraduates at Mansfield University of Pennsylvania receive some sort of grant aid. This is a total of about 444 students getting an average of $11,954.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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